1,382 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by Okabena Investment Services Inc.

Okabena Investment Services Inc. purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the third quarter, HoldingsChannel.com reports. The firm purchased 1,382 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. Opal Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey in the second quarter worth $26,000. Crewe Advisors LLC increased its holdings in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Houlihan Lokey in the second quarter valued at about $38,000. Wolff Wiese Magana LLC acquired a new position in shares of Houlihan Lokey during the third quarter worth about $38,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,400 shares of company stock worth $219,362. 23.68% of the stock is currently owned by insiders.

Houlihan Lokey Price Performance

NYSE HLI opened at $188.74 on Friday. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 38.60 and a beta of 0.65. Houlihan Lokey, Inc. has a 12 month low of $104.86 and a 12 month high of $191.39. The company’s fifty day moving average price is $170.32 and its two-hundred day moving average price is $151.59.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.21%. Houlihan Lokey’s payout ratio is 46.63%.

Analysts Set New Price Targets

HLI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price on the stock. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Finally, UBS Group raised their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $157.00.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.